China · Strategy · Bitcoin · NewsBTC
China Mining Giant Confirms Strategy Can Survive
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Key facts
- If a borrower owns $10 billion of houses and has borrowed $500 million, lenders may still worry if the borrower insists the houses can never be sold
- After all, I have 10 billion worth of houses, and I only borrowed 500 million,” the translated message said
- Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s
- As long as the reporter is willing to sell houses, there absolutely won’t be a situation where the reporter can't repay 500 million
Summary
Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s balance-sheet risk remains manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he does not believe MicroStrategy, now Strategy, will “substantially net sell BTC,” pointing to a group discussion he shared on the company’s liabilities, STRC interest payments, funding structure and market concerns. At the center of Jiang’s argument is the distinction between selling some Bitcoin and becoming a net seller of Bitcoin. “MicroStrategy will not significantly net-sell its coins,” the translated group discussion stated.